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American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.
This breakneck pace can be partly attributed to strong productivity growth —which means companies have been able to make more with less — as well as the fact that some of the profits of American companies come from abroad. Economic conditions in the United States may still be sluggish, but many emerging markets like India and China are expanding rapidly. http://www.nytimes.com/2010/11/24/bu...econ.html?_r=1
I suppose Reagan was correct about the "trickle down" voodoo crap...only he failed to mention where it would occur.
And to think they were able to do this all the while government regulations and taxes, to say nothing of the administrations socialist policies, have made it virtually impossible for American companies to compete!
Profits are the mother's milk of economic growth and vitality.
Now if we can only derail the administration's program to gut American prosperity, businesses will commit capital to investment and hiring.
The huge and unknown costs of health care reform, the threat of cap & trade, the new and proposed regulations from the EPA and other agencies--all these things have hammered the job market and made us all poorer.
And to think they were able to do this all the while government regulations and taxes, to say nothing of the administrations socialist policies, have made it virtually impossible for American companies to compete!
A Miracle, A blessed virgin miracle I tell ya!
Yes, this is what happens with an anti-business Socialist Communist POTUS.
Profits are the mother's milk of economic growth and vitality.
Now if we can only derail the administration's program to gut American prosperity, businesses will commit capital to investment and hiring.
The huge and unknown costs of health care reform, the threat of cap & trade, the new and proposed regulations from the EPA and other agencies--all these things have hammered the job market and made us all poorer.
Some people actually believe the Repub crap about Employers not hiring because of the highlighted BS. Simple fact is, Businesses will hire when the demand for their products go up. Until then, they will cry, blame uncertainty....etc. Whatever suits. If they can squeeze even lower taxes and more short term employee productivity, they will. Do they really care how many of those employees get burnt out? No, there are plenty waiting for the chance at those jobs. When demand picks up, they will hire. Because that is how and why, businesses expand. The costs of doing that business(taxes, Health Ins, etc), make no difference to them, they get passed to the consumer.
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.
This breakneck pace can be partly attributed to strong productivity growth —which means companies have been able to make more with less — as well as the fact that some of the profits of American companies come from abroad. Economic conditions in the United States may still be sluggish, but many emerging markets like India and China are expanding rapidly. http://www.nytimes.com/2010/11/24/bu...econ.html?_r=1
I suppose Reagan was correct about the "trickle down" voodoo crap...only he failed to mention where it would occur.
The huge and unknown costs of health care reform, the threat of cap & trade, the new and proposed regulations from the EPA and other agencies--all these things have hammered the job market and made us all poorer.
How strange, things that didn't or don't exist have hammered the job market? Must be the power of suggestion.
How strange, things that didn't or don't exist have hammered the job market? Must be the power of suggestion.
That would be hilarious if it wasn't so sad. Recent tightening of the Clean Air Act will cause 10% of cement plants in the US to close, along with 7% of our capacity to generate electricity. Proposed changes would impact 50% of our generation capacity. Health care reform passed--did you read about it? And certain politicians will not shut up about limitations on carbon dioxide. My original post did not mention the horrendous planning environment created by income tax uncertainty, or the potential costs of the administration's pro-union agenda.
If you do not think these things are having a real impact on business decision-making, I guess that explains a lot of your posts.
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.
This breakneck pace can be partly attributed to strong productivity growth —which means companies have been able to make more with less — as well as the fact that some of the profits of American companies come from abroad. Economic conditions in the United States may still be sluggish, but many emerging markets like India and China are expanding rapidly. http://www.nytimes.com/2010/11/24/bu...econ.html?_r=1
I suppose Reagan was correct about the "trickle down" voodoo crap...only he failed to mention where it would occur.
So when does the Unemployment Rate go down?...
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This is fabulous news!
